Apple Management Discusses Q3 2011 Results - Earnings Call Transcript

Jul. 19, 2011 9:40 PM ETApple Inc. (AAPL)1 Comment
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Apple (NASDAQ:AAPL) Q3 2011 Earnings Call July 19, 2011 5:00 PM ET


Peter Oppenheimer - Chief Financial Officer and Senior Vice President

Timothy Cook - Chief Operating Officer

Nancy Paxton - IR


Brian Marshall - Gleacher & Company, Inc.

Keith Bachman - BMO Capital Markets U.S.

Mike Abramsky - RBC Capital Markets, LLC

Benjamin Reitzes - Barclays Capital

Richard Gardner - Citigroup Inc

Charles Munster - Piper Jaffray Companies

Brian Blair - Wedge Partners

Toni Sacconaghi - Sanford C. Bernstein & Co., Inc.

Scott Craig

Mark Moskowitz - JP Morgan Chase & Co

Bill Shope - Goldman Sachs Group Inc.

Katy Huberty - Morgan Stanley


Good day, everyone, and welcome to this Apple Inc. Third Quarter Fiscal Year 2011 Earnings Release Conference Call. [Operator Instructions] At this time, for opening remarks and introductions, I would now like to turn the call over to Ms. Nancy Paxton, Senior Director of Investor Relations. Please go ahead, ma'am.

Nancy Paxton

Thank you. Good afternoon, and thanks to everyone for joining us. Speaking today is Apple's CFO, Peter Oppenheimer; and he'll be joined by Apple COO, Tim Cook; and Treasurer, Gary Wipfler for the Q&A session with the analysts. Please note that some of the information you'll hear during our discussion today will consist forward-looking statements, including, without limitation, those regarding revenue, gross margin, operating expenses, other income and expense, stock-based compensation expense, taxes, earnings per share and future products. Actual results or trends could differ materially from our forecast. For more information, please refer to the risk factors discussed in Apple's Form 10-K for 2010, the Form 10-Q for the first 2 quarters of fiscal 2011, and the Form 8-K filed with the SEC today, along with the attached press release. Apple assumes no obligation to update any forward-looking statements or information, which speak as of their respective date. With that, I would like to turn the call over to Peter Oppenheimer for introductory remarks.

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